Charter Steel, of Wisconsin, on Tuesday announced plans to build a new $150 million steel mill adjacent to its coil mill and steelmaking operations in Cuyahoga Heights.

The new rolling mill will utilize precision sizing to produce carbon and alloy steel bars for a variety of industries. Construction of the new mill is expected to begin this spring. Operations at the existing plant, 4300 E. 49th St. in Cuyahoga Heights, will continue uninterrupted during construction.

The new mill is expected to be online in the second half of 2018, said John W. Mellowes, CEO of parent company Charter Manufacturing Co. The project will create about 25 jobs and represents the largest investment in the family-owned company's 81-year history.

"Growth and continuous improvement are in Charter's DNA," Mellowes said. "Over the past 10 years, we have invested more than $250 million in our existing Cuyahoga Heights facilities. Those improvements - coupled with a strong workforce and Ohio's positive business climate - have set the stage for this expansion. With this new investment we see an opportunity to grow by leveraging a very successful high-service model, coupled with advanced steelmaking, to serve both existing and prospective new customers with an engineered, cut-length steel bar."